Article Date 18/01/2022

Unilever signals pursuit of GSK consumer arm; shares fall

Source Fiancial Post

Unilever signaled on Monday it would pursue a deal for GlaxoSmithKline's consumer healthcare business, calling it a "strong strategic fit" after its 50-billion-pound ($68.4 billion) offer was rebuffed, sending its shares down 6%.

GSK confirmed over the weekend that it had rejected the Dove soap maker's bid for the business, which is home to brands such as Sensodyne toothpaste, Emergen-C vitamin supplement and Panadol painkiller.

Read the full article